Acamar Partners Acquisition Corp. Announces Closing of Underwriters’ Option to Purchase Additional Units in Connection with...
09 Abril 2019 - 5:30PM
Acamar Partners Acquisition Corp. (the “Company”) announced today
that it closed the issuance of an additional 557,322 units pursuant
to the exercise of the underwriters’ option to purchase additional
units in connection with its initial public offering at $10.00 per
unit, resulting in gross proceeds of $5,573,220 and bringing the
total gross proceeds of the initial public offering to
$305,573,220.
The Company’s units are listed on The Nasdaq
Capital Market (“Nasdaq”) and began trading under the ticker symbol
“ACAMU” on February 22, 2019. Each unit consists of one share of
the Company’s Class A common stock and one-third of one redeemable
warrant. Each whole warrant entitles the holder thereof to purchase
one share of the Class A common stock at a price of $11.50 per
share. Only whole warrants will trade and be exercisable. Once the
securities comprising the units begin separate trading, the Class A
common stock and warrants are expected to be listed on Nasdaq under
the symbols “ACAM” and “ACAMW,” respectively.
The Company is a blank check company formed for
the purpose of entering into a merger, capital stock exchange,
asset acquisition, stock purchase, reorganization or similar
business combination with one or more businesses. While the Company
may pursue an initial business combination target in any business
or industry, it intends to focus its search on the consumer and
retail sectors.
Goldman Sachs & Co. LLC and Deutsche Bank
Securities acted as book-running managers for the offering.
Of the proceeds received from the consummation
of the initial public offering (as well as the exercise of the
option to purchase additional units) and related private placements
of warrants, $305,573,220 (or $10.00 per unit sold in the public
offering) was placed in trust. An unaudited balance sheet of
the Company as of April 9, 2019 reflecting receipt of the proceeds
upon consummation of the initial public offering (as well as the
exercise of the option to purchase additional units) and the
private placements will be included as an exhibit to a Current
Report on Form 8-K to be filed by the Company with the Securities
and Exchange Commission (the “SEC”).
A registration statement relating to these
securities has been filed with, and declared effective by, the SEC
on February 21, 2019. This press release shall not constitute
an offer to sell or the solicitation of an offer to buy, nor shall
there be any sale of these securities in any state or jurisdiction
in which such an offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of
any such state or jurisdiction.
FORWARD-LOOKING STATEMENTS
This press release contains statements that
constitute “forward-looking statements,” including with respect to
the anticipated use of the net proceeds. No assurance can be given
that the net proceeds of the offering will be used as indicated.
Forward-looking statements are subject to numerous conditions, many
of which are beyond the control of the Company, including those set
forth in the Risk Factors section of the Company's registration
statement and prospectus for the offering filed with the SEC.
Copies are available on the SEC's website, www.sec.gov. The
Company undertakes no obligation to update these statements for
revisions or changes after the date of this release, except as
required by law.
ContactLuis Ignacio Solorzano Aizpuru Chief Executive Officer
Acamar Partners Acquisition Corp. (786) 264-6680
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